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Here's an interesting video I came across today which features Mandelbrot -- a mathematician famous for his work on fractals, and Taleb -- who's famous for his book "The Black Swan". What are your thoughts on the video and on their understanding of economic theory and the events happening...
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I was having an arguement with this person saying that people have a misconception about inflation because they think that inflation will rob him of his purchasing power of his hard earned money. So that when the prices rises, your dollar will buy fewer goods so it might seem that it lowers living standards...